The first case of a reported COVID-19 case in Florida occurred on March 1, 2020. Therefore, last March’s housing data was the first to reflect the effects of the pandemic. The Florida Realtors’ Association recently released updated housing data through March 2021. Of course, the Florida real estate market continues to see strong momentum overall… Continue reading Florida housing market snapshot
Category: Live South Florida Realty, Inc
The Great Reshuffling
Did you know? One in ten Americans moved during the year of the pandemic. Now with increased availability of the various vaccines, we could see more buyers and sellers entering the market as well. As we have written about previously on this site, more buyers are moving to smaller cities and more affordable states. Meanwhile,… Continue reading The Great Reshuffling
Pros and cons of homeowners’ associations
If you are considering the purchase of a home, there is a pretty good chance that it may be located in a neighborhood with a homeowner’s association (HOA). Of course, if you are considering the purchase of a multifamily unit such as a condo or townhouse, then you can be sure that there will be… Continue reading Pros and cons of homeowners’ associations
Housing demand likely to remain strong for years
A common question being asked by many these days is whether this hot real estate market can last? If so, for how long? Although nobody has a crystal ball to tell, it appears that the high level of housing demand should last for some time still. While higher housing costs and mortgage rates will erode… Continue reading Housing demand likely to remain strong for years
The home office tax deduction
With the surge in the number of Americans working from home due to the pandemic, 2020 was certainly the year of the home office. So this should mean that those working from home will be able to write off their home office expenses, right? After all, many of these work from home warriors have had… Continue reading The home office tax deduction
Common reasons for delayed closings on a home
If you have ever bought or sold properties, then it is quite possible that you have experienced a delay in the closing at some point. Although most closings occur on time, there are various circumstances in which the transaction must be pushed to a later date or terminated completely. The latest Realtors® Confidence Index analyzed… Continue reading Common reasons for delayed closings on a home
What are the latest trends in home staging?
Home staging is a common marketing strategy that has been employed by sellers for many years. The main benefit of staging a home is that it helps consumers see the full potential of a given space or property. By showcasing the home in the best possible light, it greatly assists prospective buyers to envision the… Continue reading What are the latest trends in home staging?
Just how low is the inventory of homes for sale?
On a positive note, single-family housing starts rose last year to 991,000 units. This is the highest rate since 2007. However, single family housing starts fell in January and February of this year on a seasonally adjusted basis as construction costs rose. Unfortunately, the inventory of homes for sale is extremely low throughout the country.… Continue reading Just how low is the inventory of homes for sale?
Home buying tips for the spring
During 2020 we saw a significant shift in the housing market, primarily due to the pandemic. As more Americans began working from home in efforts to promote more social distancing, we saw many people fleeing larger cities in favor of the suburbs. In fact, this has been referred to by some as “The Great Reshuffling”.… Continue reading Home buying tips for the spring
What is the best month of the year to sell a home?
As with most things life, timing is everything. When trying to get top dollar for your home, timing will likely be a contributing factor in addition to other items. According to Realtor.com’s recent 2020 Best Time to List analysis, April is the best month to sell a home. Typically, the month of April brings more… Continue reading What is the best month of the year to sell a home?
